Fed Eyes Nonbank Loan Ventures by Cypress Capital
Published Date: 4/22/2025
Notice
Summary
Some companies want to start or buy businesses that do activities related to banking but aren’t banks themselves. The Federal Reserve is checking these plans and asking the public to share their thoughts by May 7, 2025. This helps keep banking safe and sound while letting companies grow in new ways across the U.S.
Analyzed Economic Effects
2 provisions identified: 1 benefits, 0 costs, 1 mixed.
Public Comment Period Open
The Federal Reserve is asking the public to submit written comments on whether proposed transactions comply with section 4 of the Bank Holding Company Act. Comments must be received by May 7, 2025 and will be publicly disclosed; send them to the indicated Reserve Bank or the Board of Governors at the address in the notice.
Cypress Capital Seeks To Make Loans
Cypress Capital Group, Inc., of Palm Beach, Florida, filed notice with the Federal Reserve to engage de novo in extending credit and servicing loans under 12 CFR 225.28(b)(1). Unless otherwise noted, the notice states these activities will be conducted throughout the United States and are open for public comment through May 7, 2025.
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